Bonhams Goodwood Revival auction 2014 results and analysis
It could be argued that Bonhams’ very large 107 lot Goodwood Revival 2014 sale didn’t have the theatre of RM’s London sale and it went pretty much by the numbers with Bonham’s motoring department providing a good degree of accuracy in their estimates with just under 40% of lots selling within the estimated range.
There were few surprises. A Ferrari 250 GT Pininfarina coupe sold for an under-estimate £230,000 (hammer price), failing to capitalise on the excitement of a similar car which was bought the previous week at the Salon Prive auction by Jay Kay for £615,000 + premium. The Maranello Rosso collection’s Ferraris sold well in general but the Abarths didn’t fare quite so well.
A 1964 Mini Cooper 1275 S race car sold for 50% over top estimate at £75,000. The car has an excellent pedigree and looks to be well sorted so although over estimate a good buy, particularly with two Revival entries already under its belt.
A Jaguar XKSS replica sold for an impressive £342,000, possibly benefitting from the D-Type fever gripping Goodwood Revival.
The dusty Aston Martin DB2/4 DHC described as a “special car” failed to find a buyer at an estimated £200-250,000 despite the description leaning heavily on it’s originality – the restoration costs alone would have taken a very committed and enthusiastic buyer to come forward.
From our Goodwood Revival Sale 2014 “ones to watch” previous ownership by ABBA’s Benny Anderson failed to enthuse bidders of this Maserati Merak SS although at a hammer price of £56,000 it was still strong money for an appreciating classic. The BMW 3.0 CSL failed to sell confirming that buyers are still unsure whether these fabulous cars are worth spending in excess of £50,000 on. The Daimler SP250 found a new home at an in-estimate £48,000, the Ferrari FXX Evoluzione didn’t sell alongside its 599 XX track day sibling. The Ferrari 365 GTC/4 sold for an over estimate £150,000 and the Aston Martin V8 Vantage Zagato siold for healthy £220,000.
All in all it was a bit of a mixed bag of results with no clear trends – for example, of the 22 Ferrari’s offered it was the later cars that have sold so well recently that tended to perfform less well against their estimates. What was clear is that Bonhams clearly had done their homework and their values were more accurate than the two previous auctions in ‘Super September’.
Total value sold (hammer price) – £13,500,000
|Sold over estimate||16|
|Sold under estimate||20|
|Sold in lower half of estimate||20 (19%)|
|Sold in upper half of estimate||14 (13%)|
|Sold in lower half of estimate or less (%)||37%|
|Sold in upper half of estimate or more (%)||28%|
|Sold at median estimate||8 (8%)|
|Sold within estimate||42 (39%)|
Click on the image below for a full table of auction results and heatmap